policy," and state department correspondent margaret brennan. we'll round it up on the with amy walt ar aim amy walter, michael gerson, and our political director john dickerson. from out in space to here on earth, this is "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schieffer: and good morning, again, on a day when there is no shortage of questions. we welcome dennis mcdonough, president obama's me chief of staff, who i presume has brought many answers with him this morning. nice to have you. >> thanks for having me, bob. i'm really looking forward to it. >> schieffer: the sequester, these draconian across-the-board spending cuts that are supposed to go into effect march 1. it appears to me that this is anything to happen. it looks to as if both the president and the congressional leaders have given up on each other. can this possibly happen? >> well, we've not give know up on this, bob, and the reason we've not given up on this is because it's going to have a real impact,